Terms and Conditions

State Bank Of India Pradhan Mantri MUDRA Loan Yojana (SBI)

Like other banks India’s number one bank State Bank Of India is also providing the MUDRA Loan under Pradhan Mantri MUDRA Yojana ie PMMY. The all branches of State Bank Of India is authorise to disburse loan under MUDRA Scheme. According to last year financial records State Bank of India had released the largest amount under MUDRA Loan.

Now you can apply mudra loan in State Bank of India at any branch. We are sharing the documents which you require for MUDRA Loan.

SBI is asking to apply loan under below scheme.

  1. Shishu: Not More than ₹50,000.
  2. Kishore: Between ₹50,000 and ₹5,00,000.
  3. Tarun: Between ₹5,00,000 to ₹10,00,000.

Any individuals or firm can apply Mudra Loan in State bank of India at any branch & please don’t pay any money to get MUDRA Loan under PMMY. If someone is asking money to approve MUDRA Loan, Please let us know or write to senior officials of state bank of India.

State Bank of India is charging up to 12% interest in Mudra Scheme. As you know that the MUDRA Yojana is collateral free schemes & you no need to submit any guarantee for it.

We are sharing list of documents which you require to get Mudra Loan. Please follow the bank instructions because it may very bank to bank.  Please write us your comment & share your experience with us. It will help others to make process easy.

  • Mudra application Form
  • BIL/RBC application form
  • Photo identity & age proof
  • Current Address proof
  • Ownership proof of residence/office
  • Business vintage proof
  • Bank statement (last 12 months)
  • Income tax return (last 2 years)

MUDRA LOAN is a purely commercial loan and can avail for any commercial activities and Branch Manager’s of State Bank of India will let you know in details.

We are sharing State Bank of India MUDRA Loan Application form for your convenience. Click here to download it. 

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Be the first to comment - What do you think?  Posted by JIAN - August 10, 2017 at 12:26 pm

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Pradhan Mantri MUDRA Loan Yojana (ICICI Bank)

 

Pradhan Mantri MUDRA Loan Yojana (ICICI Bank)

Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new institution set up by Government of India to provide funding to the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below ₹10 Lakh.

Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. ‘Shishu’, ‘Kishore’ and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit.

These schemes cover loan amounts as below:

  1. Shishu: covering loans up to ₹50,000
  2. Kishore: covering loans above ₹50,000 and up to ₹5,00,000
  3. Tarun: covering loans above ₹5,00,000 and up to ₹10,00,000

All Non-Corporate Small Business Segment (NCSBS) comprising of proprietorship or partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, food processors and others in rural and urban areas, are eligible for assistance under Mudra.

Bank branches would facilitate loans under Mudra scheme as per customer requirements. Loans under this scheme are collateral free loans.

Mudra Loans could be availed for the following

Vehicle loan: Commercial vehicle loan, Car loan and Two-wheeler loan

Business Installment Loan (BIL): Loan for working capital requirement, buying plant and machinery, renovating offices etc.

Business Loans Group Loans (BLG) and Rural Business Credit (RBC): We offer Drop line overdraft/Overdraft facility/Working capital loans

Documents Required for Pradhan Mantri Mudra Yojana

Vehicle Loans

  • Mudra application form
  • Vehicle loan application form
  • 2 passport size colour photographs
  • Photo Identity proof
  • Address proof
  • Income proof
  • Bank statement (last 6 months)

Business Installment Loan

  • Mudra application form
  • BIL application form
  • Photo identity proof
  • Address proof
  • Establishment proof
  • Bank statement (last 6 months)
  • Ownership proof of residence/office
  • Proof of continuity of business
  • Proof of qualification
  • Trade references

Business Loans Group and Rural Business Credit

  • Mudra application Form
  • BIL/RBC application form
  • Photo identity and age proof
  • Address proof
  • Ownership proof of residence/office
  • Business vintage proof
  • Bank statement (last 12 months)
  • Income tax return (last 2 years)

Courtesy:- ICICI Bank

Tags:- ICICI Bank Mudra Loan, ICICI Bank Mudra Yojana, ICIC Bank MUDRA Bank, ICICI MUDRA Loan, ICICI Bank Mudra loan Documents, ICICI Bank Mudra loan Terms and Conditions, ICICI Bank MUdra Loan

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Be the first to comment - What do you think?  Posted by JIAN - August 8, 2017 at 11:16 am

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